BENAVIDES TRUST

Operated by MERIT ENERGY COMPANY (P-5 561136) in the HUNDIDO (LOBO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 197724District 04Field 435935002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 M
Oct 2003 – May 2026
Value, last 12 filed months
$33 k
at the published price for each month
Months reported
272
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 122 leases and 122 wells, and the rule below applies to all of them.

Discovered
1976-08-26
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1992-10-19.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA ADMINISTRATIVELY SUSPENDED EFFECTIVE 8/1/94.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112004-05-27156000
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition566 bbl$33,930
GasProduction870,168 Mcf$5,167,356
Total$5,201,286

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 27.1176, -99.2459. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.11756, -99.24586 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
11,346 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 11,346 ft.

Completions filed
Dec 2005
1 of 1 wells

1 well

42-50534773611,346 ftDec 2005

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (272)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

272 months

May 20260310106.413.05$944
Apr 2026063598.932.87$1,822
Mar 2026056989.753.15$1,792
Feb 2026047263.503.75$1,770
Jan 2026076959.138.00$6,150
Dec 2025081456.664.41$3,592
Nov 2025070158.593.93$2,752
Oct 2025043159.383.30$1,424
Sep 202501,09762.743.08$3,375
Aug 2025096263.933.01$2,900
Jul 202511,33866.743.32$4,502
Jun 2025054166.483.13$1,693
May 2025075760.553.23$2,447
Apr 2025049962.363.54$1,768
Mar 2025071767.704.27$3,060
Feb 2025070070.884.34$3,039
Jan 202501,00374.324.28$4,292
Dec 2024047868.993.12$1,492
Nov 2024047069.052.20$1,033
Oct 2024065071.372.28$1,483
Sep 2024045569.612.36$1,076
Aug 2024057775.632.06$1,191
Jul 2024080079.932.15$1,717
Jun 2024037478.082.63$985
May 2024064978.812.20$1,427
Apr 2024053784.451.66$891
Mar 2024088080.301.55$1,360
Feb 2024062576.091.78$1,115
Jan 202401,10873.023.30$3,654
Dec 2023039471.262.61$1,029
Nov 2023040377.892.81$1,131
Oct 2023147485.443.09$1,549
Sep 2023046989.042.74$1,283
Aug 2023066080.522.67$1,764
Jul 2023155874.852.64$1,549
Jun 2023149168.962.26$1,178
May 2023072370.622.23$1,610
Apr 2023159878.122.24$1,416
Mar 2023150272.852.39$1,274
Feb 2023162375.112.47$1,611
Jan 2023169476.533.39$2,428
Dec 2022173176.415.73$4,264
Nov 2022188585.005.65$5,082
Oct 2022086187.185.86$5,049
Sep 2022180084.888.16$6,616
Aug 2022190494.529.13$8,345
Jul 20222799101.587.54$6,229
Jun 20220911115.097.98$7,267
May 20221994109.378.43$8,492
Apr 20221759104.226.84$5,294
Mar 20221682108.885.08$3,571
Feb 2022163591.054.86$3,176
Jan 2022058381.844.54$2,645
Dec 2021050571.323.90$1,969
Nov 2021174277.435.24$3,963
Oct 202131,38179.795.71$8,130
Sep 202101,37969.865.35$7,379
Aug 2021194966.024.22$4,071
Jul 2021293170.783.98$3,849
Jun 202111,15269.493.38$3,964
May 202111,25563.483.02$3,851
Apr 2021183460.362.76$2,361
Mar 2021198461.302.72$2,735
Feb 2021194557.805.55$5,301
Jan 2021196150.412.81$2,751
Dec 2020199744.642.68$2,712
Nov 202011,02038.772.71$2,799
Oct 202011,10936.972.48$2,786
Sep 202011,05637.091.99$2,140
Aug 202001,06239.982.39$2,533
Jul 202011,07138.371.83$1,993
Jun 202011,23334.901.69$2,119
May 202011,12016.921.81$2,049
Apr 202021,03714.751.80$1,901
Mar 202011,48030.341.86$2,778
Feb 202011,22949.881.98$2,484
Jan 202011,15157.252.09$2,468
Dec 201911,37159.012.30$3,218
Nov 201921,21855.302.75$3,461
Oct 201911,34753.472.42$3,311
Sep 201911,21855.052.66$3,292
Aug 201931,02453.112.30$2,519
Jul 201911,17156.272.46$2,937
Jun 201911,26052.782.49$3,192
May 201901,16158.482.74$3,182
Apr 201921,20362.632.75$3,434
Mar 201901,20956.803.06$3,702
Feb 2019095250.852.79$2,658
Jan 201901,13346.033.23$3,658
Dec 201811,04546.594.19$4,420
Nov 201801,19252.934.24$5,051
Oct 201811,44561.443.40$4,972
Sep 201801,38459.543.11$4,301
Aug 2018094259.403.07$2,889
Jul 2018093965.142.93$2,753
Jun 201801,14760.183.08$3,529
May 201811,30365.382.90$3,845
Apr 201811,21963.842.90$3,600
Mar 2018196361.222.79$2,745
Feb 201811,18861.782.77$3,348
Jan 201801,26262.874.01$5,060
Dec 201701,10257.272.92$3,220
Nov 201711,89755.423.12$5,971
Oct 201701,42549.292.98$4,252
Sep 201701,19447.523.09$3,686
Aug 201701,24245.373.00$3,731
Jul 201701,20443.873.09$3,717
Jun 201711,15442.493.09$3,605
May 201741,28845.373.26$4,385
Apr 2017099347.933.21$3,189
Mar 201701,38146.772.98$4,120
Feb 201711,04050.452.95$3,121
Jan 201701,16649.413.42$3,986
Dec 201601,03248.763.72$3,842
Nov 2016087742.492.64$2,319
Oct 201601,30346.193.09$4,027
Sep 201601,10641.553.10$3,429
Aug 201601,25041.442.92$3,655
Jul 201601,30741.622.92$3,822
Jun 201601,13045.352.69$3,035
May 201601,57242.521.99$3,130
Apr 201601,62536.561.99$3,235
Mar 201601,13333.011.79$2,033
Feb 2016395726.472.06$2,054
Jan 2016096927.352.36$2,291
Dec 20150032.362.00$0
Nov 201501,46938.792.17$3,184
Oct 201501,36443.552.43$3,310
Sep 201501,38842.992.76$3,829
Aug 201501,52140.162.87$4,369
Jul 201501,55048.152.95$4,565
Jun 201511,10756.152.88$3,247
May 201501,53055.212.96$4,522
Apr 201501,18349.822.71$3,202
Mar 201501,45842.892.93$4,279
Feb 201501,33744.662.98$3,979
Jan 201511,54243.433.10$4,825
Dec 201401,21354.693.59$4,356
Nov 201401,44470.464.25$6,140
Oct 201401,48078.303.90$5,773
Sep 201401,55186.164.05$6,274
Aug 201401,16689.394.04$4,705
Jul 201401,19396.564.18$4,986
Jun 2014091198.164.74$4,315
May 2014092994.734.73$4,391
Apr 201401,11695.944.81$5,367
Mar 2014090895.895.06$4,592
Feb 2014094297.406.19$5,833
Jan 201401,04890.404.86$5,094
Dec 201301,10991.824.35$4,829
Nov 201301,29588.853.74$4,841
Oct 201301,48397.423.78$5,605
Sep 201301,363104.113.72$5,067
Aug 201301,246104.253.52$4,389
Jul 201301,220102.523.72$4,536
Jun 201301,19494.403.93$4,696
May 20130094.834.15$0
Apr 2013098593.964.28$4,218
Mar 2013093293.623.91$3,647
Feb 201301,04191.233.42$3,560
Jan 201301,40991.603.42$4,819
Dec 201201,20486.773.42$4,118
Nov 201201,27686.953.62$4,625
Oct 201201,23689.383.40$4,202
Sep 201201,11494.672.92$3,251
Aug 201201,13192.662.91$3,289
Jul 201211,74185.133.02$5,344
Jun 201201,64179.822.52$4,134
May 201201,90591.612.49$4,740
Apr 201201,760101.652.00$3,514
Mar 201271,935105.052.22$5,035
Feb 201202,064101.102.57$5,305
Jan 201202,03798.092.73$5,569
Dec 201102,08796.873.24$6,761
Nov 201101,99895.723.31$6,616
Oct 201102,24684.983.65$8,195
Sep 201101,93683.623.99$7,717
Aug 201102,31283.404.15$9,593
Jul 201102,00394.144.52$9,048
Jun 201102,07492.904.64$9,623
May 201102,45598.134.40$10,814
Apr 201102,512105.964.33$10,885
Mar 201102,72496.364.06$11,052
Feb 2011822,26785.644.18$16,498
Jan 201102,61986.504.59$12,018
Dec 201002,07585.734.35$9,022
Nov 201001,90680.843.80$7,234
Oct 201002,03278.103.51$7,130
Sep 201002,17872.633.98$8,667
Aug 201011,93973.684.42$8,643
Jul 201002,70672.554.74$12,817
Jun 201003,25970.364.91$16,003
May 201002,66271.124.24$11,274
Apr 201003,19881.694.12$13,184
Mar 201003,08278.394.39$13,526
Feb 201003,65473.585.44$19,886
Jan 201013,66274.365.96$21,915
Dec 200903,75071.445.48$20,564
Nov 200913,46074.593.75$13,055
Oct 200903,68472.544.11$15,142
Sep 200904,04865.543.06$12,406
Aug 200904,22767.423.22$13,605
Jul 200913,97861.133.46$13,843
Jun 200904,29166.163.90$16,713
May 200905,27554.743.93$20,708
Apr 200914,40546.773.59$15,850
Mar 200904,73742.144.06$19,227
Feb 200914,07132.814.63$18,894
Jan 200905,64535.865.37$30,319
Dec 200815,89437.105.98$35,266
Nov 200804,05955.496.86$27,846
Oct 200804,71775.246.92$32,651
Sep 200815,229101.767.88$41,291
Aug 200815,262114.228.48$44,752
Jul 200815,907131.0811.39$67,408
Jun 200806,200131.3313.03$80,802
May 200806,329123.1711.57$73,254
Apr 200807,500110.3110.45$78,411
Mar 200818,663101.909.66$83,822
Feb 200814,74092.538.77$41,665
Jan 200805,45990.388.21$44,795
Dec 200705,51488.337.30$40,263
Nov 200704,41591.677.29$32,193
Oct 200704,68682.856.92$32,436
Sep 200703,75475.846.24$23,441
Aug 200713,54569.066.39$22,714
Jul 200704,31870.906.39$27,583
Jun 200715,78462.007.55$43,722
May 200709,89458.747.85$77,631
Apr 200706,05459.617.81$47,253
Mar 200704,69656.927.30$34,290
Feb 200704,94755.108.22$40,645
Jan 200705,61850.306.73$37,791
Dec 200616,18856.656.92$42,868
Nov 20061746,94054.207.62$62,296
Oct 200608,17054.906.01$49,133
Sep 200619,61460.085.04$48,488
Aug 2006011,82068.717.34$86,758
Jul 200609,85869.376.34$62,527
Jun 200605,16066.286.38$32,941
May 200608,91366.016.42$57,266
Apr 200604,84464.397.36$35,654
Mar 2006021356.707.08$1,509
Feb 2006023057.597.75$1,783
Jan 2006237160.598.93$3,435
Dec 200516414,60854.9413.42$204,982
Nov 2005120,28854.6910.59$214,872
Oct 200523,66758.3413.80$50,706
Sep 200505,21861.4512.08$63,028
Aug 200505,86861.519.80$57,488
Jul 200505,99655.697.84$47,030
Jun 200506,51952.337.38$48,117
May 200507,55645.226.65$50,256
Apr 200557,63749.207.36$56,458
Mar 200507,94150.377.15$56,817
Feb 200577,50645.226.31$47,694
Jan 200518,31743.166.32$52,625
Dec 200468,48039.866.75$57,488
Nov 200419,11245.286.33$57,728
Oct 2004010,09249.706.52$65,750
Sep 2004710,00043.245.28$53,142
Aug 2004111,66842.375.55$64,807
Jul 2004212,09738.286.08$73,677
Jun 2004014,68536.106.43$94,469
May 2004016,54637.486.49$107,459
Apr 2004315,97334.475.86$93,681
Mar 2004018,81134.365.53$104,027
Feb 2004223,35132.455.51$128,720
Jan 2004823,44132.036.30$147,926
Dec 2003043,28030.266.30$272,735
Nov 2003143,16728.804.60$198,388
Oct 2003010,73428.174.76$51,090

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  310 Mcf  × $  3.05 =       $944

────────────────────────────────────────────────────
Month total                                     $944

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/197724 is the state's own key, not one this site invented.